Phoenix, AZ – Arrington Outdoor Advertising announced today the divestiture of digital conversion sites to Lamar Advertising. The structures are located in Mesa and Tempe on Loop 202 at Scottsdale Road and Country Club Drive. Drachman M&A Co. represented seller Arrington Outdoor in the transaction. Terms of the deal were […]
You’ve probably heard out of home investors, brokers and lenders talk about EBITDA and Billboard cashflow. It’s important to know the difference. Out of home EBITDA Out of home cashflow or EBITDA is earnings before interest, depreciation, amortization and income taxes. It’s how much cash your company generates each year […]
Clear Channel outperformed the stock market for the second quarter of 2023 while Lamar and OUTFRONT lagged the market. Stock performance for Lamar (green), OUTFRONT (purple), Clear Channel Outdoor (blue) and the S&P 500 (black) for the 3 months ended June 30, 2023 Clear Channel Outdoor increased 14.2% during […]
Insider reported in February 2021 that Lamar Advertising had filed a federal lawsuit against the Lexington-Fayette Urban County Government in the US District Court for the Eastern District of Kentucky over regulations that ban freestanding electronic billboards in the county. Lamar applied in September 2020 for permits to allow them […]
At last week’s JP Morgan Conference an analyst asked Lamar CEO Sean Reilly about pricing and Reilly suggested it’s getting harder to raise rates. So this time last year, we were getting double digits that’s not happening anymore. Part of it is because our local customers are saying, “Well, wait, […]
At last week’s JP Morgan conference Lamar Advertising CEO Sean Reilly was asked “If Clear Channel were to sell assets what would Lamar be interested in?” Reilly replied: Yes, we’re staying pretty close to that situation. We’re monitoring it. What I can say is, we will not be the solution […]
SignValue has prepared the following analysis of Lamar Advertising’s 1st Quarter 2023 financials. If you have questions contact Paul Wright, CEO, SignValue, paul@signvalue.com, 480-657-8400. To receive a free morning newsletter with each day’s Billboard insider articles email info@billboardinsider.com with the word “Subscribe” in the title. Our newsletter is free and […]
Moorgate Capital Partners has analyzed out of home leverage and cost of debt trends thru March 2023. The weighted average interest rate on public out of home debt has risen by approximately 1.5% over the last year due to Federal Reserve interest rate increases. Lamar Advertising has the lowest weighted […]
Sacramento, CA – May 23rd, 2023 SignBird, industry leader in Out-of-Home Photography, is pleased to announce its collaboration with Lamar Northern California for an exclusive billboard inventory shoot in the vibrant city of Sacramento, CA. This exciting partnership marks a significant milestone in SignBird’s commitment to delivering innovative and captivating […]
INDIANAPOLIS, IN – Stark Capital Solutions, Inc., acted as the exclusive advisor to Crossroads Digital Outdoor, LLC in Lamar’s acquisition of Crossroads’ assets, which was announced yesterday. The purchase includes 18 monopole structures supporting 29 digital advertising faces covering the south central part of Michigan. Crossroads’ strong digital presence made […]
